Bitcoin Price Prediction: BTC Reclaims $1 Trillion Market Cap After Soaring 20% ​​in 7 Days as This BTC ICO Rushes Toward $11 Million.

Bitcoin price has surged 3.4% in the last 24 hours and 20% in 7 days. Traded for $51,564.70 8:15 AM EST.

This helped BTC regain a market capitalization of $1 trillion, a level it last reached in November 2021.

🚨Breaking News: $BTC Market capitalization recovers to $1 trillion🚨 pic.twitter.com/abUw0TqV2k

— The Daily Moodz (@thedailymoodz) February 14, 2024

Bitcoin has more than tripled in price since January 2023, despite being well below its all-time high of $69,0000. Spot Bitcoin ​​ETF (Exchange Traded Fund) In the US on January 11thThe Bitcoin halving scheduled for April is another reason for the price increase.

The bullish trend is expected to push Bitcoin price above the bullish pennant

Bitcoin price has crossed the upper limit of the bullish pennant pattern, indicating a continuation of the bullish trend. Now the price has surpassed $50,000 as the bull market is poised to push prices higher.

BTC/USD analysis. Source: TradingView

Bitcoin price showed a slight retracement after the price broke above the pennant and the bears pushed the price back to test the boundary again.

The bulls are now ready to push the price higher, targeting $60,000 in the near term, the distance X of the pennant shown on the chart. However, a correction towards the $50,000 mark is expected as traders will observe a correction once the $60,000 level is achieved.

Bitcoin price could surpass $69,000, an all-time high.

BTCUSD analysis. Source: TradingView

The cup and handle pattern above supports an expected bullish rally beyond Bitcoin’s all-time high of $69,000. The price broke above the cup neckline, which signaled traders to add more long positions. BTC could reach $80,000 by the second quarter.

Technical indicators have a bullish bias because the 50-day and 200-day simple moving averages (SMAs) provide immediate price support. Additionally, the SMA shows a golden cross at $29,000, confirming the momentum.

The relative strength index has risen from 80 to overbought levels of 70, indicating strong buying pressure on the Bitcoin price.

As Bitcoin traders prepare for a bullish rally, Bitcoin Minetrix, an innovative Bitcoin derivative, is making significant progress past $10.8 million as it races toward its $11.5 million target.

Bitcoin Minetrix Innovate the Cloud Mining, pre-sales exceed $10.8 million

Bitcoin Minetrix The platform’s mission is to make Bitcoin cloud mining cheaper and safer through decentralization.

Users can access cloud mining at minimal cost compared to other cloud mining platforms and can earn BTC through the stake-to-mine feature.

All you need to do is purchase BTCMTX tokens which you need to stake to earn token rewards. These token credits must then be burned through the stake mining function so that they can be mined effectively and safely. You can also enjoy a 62% annual salary return by staking the BTCMTX tokens you earn.

Win 10x your investment in the $30,000 Minedrop airdrop contest

The BTCMTX platform provides opportunities for users to participate. $30,000 Mind Drop Airdrop Contest. Participants will have the opportunity to win up to $3,000 and become one of the top 10 winners. To be eligible, you must purchase and hold BTCMTX tokens.

Crypto analyst Jacob Bury sees BTCMTX as an opportunity with 10x potential for investors who participate early in the pre-sale.

With less than 17 hours left until the price increase, interested investors should act quickly to acquire BTCMTX tokens for $0.0134 each.

You can purchase it through tokens. BTCMTX official website. Connect your digital wallet to exchange ETH or USDT for tokens. You can also make purchases using your bank card.

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A new cryptocurrency mining platform – Bitcoin Minetrix

• Thanks to Coinsult
• Decentralized, secure cloud mining
• Get free Bitcoin every day
• Native token currently in pre-sale – BTCMTX
• Staking Rewards – APY 50% or more